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Real Estate Prices & Overview

S 60th St / Larchwood Ave median real estate price is $181,509, which is less expensive than 77.2% of Pennsylvania neighborhoods and 83.2% of all U.S. neighborhoods.

The average rental price in S 60th St / Larchwood Ave is currently $1,983, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.2% of the neighborhoods in Pennsylvania.

S 60th St / Larchwood Ave is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

S 60th St / Larchwood Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the S 60th St / Larchwood Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in S 60th St / Larchwood Ave. The current real estate vacancy rate here is 19.7%. This is higher than the rate of vacancies in 88.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Philadelphia, the S 60th St / Larchwood Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.9% of U.S. neighborhoods.

Also, in the S 60th St / Larchwood Ave neighborhood, 10.7% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.9% of the neighborhoods in America.

Real Estate

If you love row houses and attached homes, you will probably really like the S 60th St / Larchwood Ave neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 72.1% of the residential real estate here is classified as row houses and attached homes.

In addition, the S 60th St / Larchwood Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 30,441 persons per square mile in the neighborhood, it is more packed with people than 97.0% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the S 60th St / Larchwood Ave neighborhood is one of the most walkable neighborhoods in America.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the S 60th St / Larchwood Ave neighborhood has a highly unusual pattern of car ownership. 42.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.3% of U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the S 60th St / Larchwood Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 9.6% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.3% of all neighborhoods in America.

Diversity

Did you know that the S 60th St / Larchwood Ave neighborhood has more Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.0% of this neighborhood's residents have Jamaican ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the S 60th St / Larchwood Ave neighborhood in Philadelphia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.0% of U.S. neighborhoods. With 33.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.8% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the S 60th St / Larchwood Ave neighborhood, 33.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 30.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.1%), and 15.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the S 60th St / Larchwood Ave neighborhood is English, spoken by 95.0% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the S 60th St / Larchwood Ave neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Jamaican (21.0%). There are also a number of people of Asian ancestry (5.8%), and residents who report Mexican roots (1.7%), and some of the residents are also of Russian ancestry (1.1%), along with some Polish ancestry residents (1.1%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in S 60th St / Larchwood Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (35.8% of working residents), longer and tougher than most commutes in America.

Here most residents (41.6%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (33.7%) and 10.7% of residents also take the train for their daily commute. The bus provides a valuable service in the S 60th St / Larchwood Ave neighborhood of Philadelphia by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.

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